RANDOM THOUGHTS: THE DUMB DEFICIT
There are times when you incur debt to invest in the future - of your business, a house, a car, college or repairs. There are other times when you incur debt because you want something now and don’t want to wait, although it is not essential. When that kind of debt gets out-of-hand, you are causing problems for your future budget that are not necessary. Poor judgement in buying can also be bad news.
HOWEVER, there is plenty of research and economists to tell you that the most important thing is VERY SELDOM your debt. Investment in education, for example, is more important. There are lots of things that are worth going into debt for. Right now, our Congress is all wrapped up in the budget deficit and believe that constraining spending is more important than spending on important resources for the future like infrastructure that is first class, education that is first class, teachers that are first class, and developing new businesses and research with an eye to the future like wind turbines (we now buy them from China) and other manufacturing and advanced technologies.
The Republicans basic idea to solve the financial problems of our country is to NOT invest in research, education and infrastructure, but rather pay off the debt by cutting spending without doing anything other than REDUCING taxes on the upper class. So no revenue gaining from taxes or fixing loopholes in the tax code; just putting most of the burden on the poor, middle class and people who can’t afford to fight back with lobbyists. (BTW, the most important agenda for the Republicans is to eliminate abortions and dismantle Roe vs Wade. They have already brought to the floor over 30 bills to do just that. They are just now getting around to concern over jobs. The long delay before getting to the reason they were elected - jobs - is because the delay will make it more likely that Obama will face high unemployment in 2012. They are playing dirty politics with your money!)
SCREW THE DEBT! Let’s get infrastructure projects going (jobs), education improvements (jobs), search out Medicare and Medicaid fraud and duplication (jobs), attract more Doctors to geriatric medicine and general medicine (jobs), build wind turbines (jobs), start high speed rail (jobs), eliminate many tax loopholes like oil company bonuses (IRS new jobs), and the deficit will begin to shrink by the fact that research development, education, and medical care for the baby boomers and many other constructive investments in our future will give people money to spend and thereby create demand for products and thereby make many new jobs. The debt is NOT AS important. I agree we should examine programs for savings, eliminate programs that are useless or duplicated (There are over 100 different bureaus who deal in INTELLIGENCE GATHERING - A rather unintelligent state of affairs).
OBAMA HAS BEEN DOING THE RIGHT THINGS BUT MY CRITICISM OF HIM IS THAT HE IS TOO TIMID ABOUT MUCH OF WHAT NEEDS TO BE DONE. But enough about Obama. There is the Congress to lay the blame upon. A President can only control things a little bit. He has to deal with Congress, an organization that is supposed to represent the people who voted for them, but often completely ignores both that fact and the fact that they swore to uphold the Constitution. But that’s another Random Thought.-